What is the average apartment size in Greenwood?

The average size for a Greenwood, IN apartment is 936 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Greenwood?

As of Sep / 2025, the average rent in Greenwood is $1,358 per month, a 0.17% increase from last year’s average of $1,356.

How much does rent cost by apartment size in Greenwood?

In Greenwood, studios rent for $884 per month, one-bedroom units average $1,172 per month, two-bedrooms cost around $1,431 per month, and three-bedroom apartments rent for about $1,717 per month

What is the average apartment size in Greenwood?

The typical apartment in Greenwood offers about 936 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Greenwood?

Studio apartments in Greenwood average 421 sq. ft., one-bedrooms offer 701 sq. ft., two-bedrooms are about 1,045 sq. ft., and three-bedroom apartments average 1,285 sq. ft.

Greenwood, IN Rental Market Trends

Q: What's the typical rent budget in Greenwood?

The typical rent budget in Greenwood ranges from $1,001 to $1,500 per month, with 59% of rentals in this range.

Q: Do most people rent or own in Greenwood?

In Greenwood, 39% of households rent while 61% own their homes, based on the latest U.S. Census data.

Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Greenwood is $1,358, a 0.17% increase compared to the previous year, when the average rent was $1,356.

Studio Apartments at $884 offer the most budget-friendly option with 421 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 701 square feet for $1,172, balancing privacy and affordability.

Two-beedroom units at $1,431 offer 1,045 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,285 sq ft) for $1,717, suitable for larger households.

Average rent in Greenwood, IN

Last updated: October 19, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,358	936 sq. ft.
Studio	$884	421 sq. ft.
1 Bed	$1,172	701 sq. ft.
2 Beds	$1,431	1,045 sq. ft.
3 Beds	$1,717	1,285 sq. ft.

Greenwood, IN rent trends

Rental prices in Greenwood, IN have increased by 0.17% over the past year. The average rent moved from $1,356 to $1,358.

What's the typical rent budget in Greenwood, IN?

The largest share of rentals in Greenwood, IN (59%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Greenwood, IN?

10,068 or 39% of the households in Greenwood, IN are renter-occupied while 15,705 or 61% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Greenwood Compares to Other Cities

City	Average Rent
Greenwood	$1,358
Indianapolis	$1,253
Evansville	$1,016
Fort Wayne	$1,143
Bloomington	$1,579
New Albany	$1,106
Hammond	$1,235
Lafayette	$1,174
South Bend	$1,310
Jeffersonville	$1,231
Fishers	$1,633
Lawrence	$1,195
Carmel	$1,645
Plainfield	$1,551
Westfield, IN	$1,611
Avon, IN	$1,548
Columbus, IN	$1,305
Brownsburg, IN	$1,605
Franklin, IN	$1,330
Camby, IN	$1,468
Greenfield, IN	$1,372

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Greenwood apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.